Has there been any good news about the company or is it just the operator playing their game with gullible retail investors?
I bought the next day the ban was imposed by rbi. Bullish on Vijay because of his persistence and smartness
I am too, use only Paytm for payments, tickets, etc. But, their super app ambition was based on trust moat, which they lost here. So not sure about the future
I'm pretty sure they learned the lesson the rbi wanted to teach them. I am very bullish
Tie up with Axis Bank is one of the factors
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Initial correction was much higher due to uncertainty, but now that they have tied up with Axis bank for QR scan machines and have time till March 15th. So, going up that the current market cap is 24k crores, really less for their business, and they have cash equivalent of 8 to 9k crores. The only thing to understand is how the fasttag and wallet business affect their margin and lending business. But they seriously have to cut down their costs, and management need to improve.
Sentiment
Really ?
Even after receiving multiple notifications from them ?
Even after submitting false compliance reports to them on various instances ?
Even after they had put monetary penalty on you for continued non-compliance with KYC norm...
As expected paytm stock got stuck on lower circuit (maximum downward move allowed in a day). Insanely large selling volumes with zero buy orders.
PAYTM Payments Bank essentially asked to shut shop.
Afaik here are the few implications
That stock is about to crash so fucking hard. Thank god i got out. The crappiest IPO of this decade.
